Traveler Sentiment Improves But Higher Prices, Ongoing Pandemic, and Other Possible Disrupters Remain
Spring and early summer brought a much-welcomed boost in hotel room demand as COVID-19 restrictions continued to ease in many parts of the world. STR’s Market Recovery Monitor in late May showed around two-thirds of global markets and more than 95 percent of U.S. markets in a recovery or peak position, with revenue per available room (RevPAR) indexed to 2019 at 80 or above. Further, around 70 percent of U.S. markets and 40 percent of […]
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